Globeflex Capital L P Sells 23,290 Shares of Ennis, Inc. (NYSE:EBF)

Globeflex Capital L P trimmed its stake in shares of Ennis, Inc. (NYSE:EBF) by 73.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,273 shares of the industrial products company’s stock after selling 23,290 shares during the quarter. Globeflex Capital L P’s holdings in Ennis were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vestcor Inc grew its position in shares of Ennis by 3.7% in the 4th quarter. Vestcor Inc now owns 50,049 shares of the industrial products company’s stock worth $1,056,000 after buying an additional 1,789 shares during the last quarter. Inspire Advisors LLC grew its position in shares of Ennis by 43.8% in the 4th quarter. Inspire Advisors LLC now owns 19,924 shares of the industrial products company’s stock worth $420,000 after buying an additional 6,064 shares during the last quarter. Seizert Capital Partners LLC boosted its position in shares of Ennis by 34.9% during the fourth quarter. Seizert Capital Partners LLC now owns 23,003 shares of the industrial products company’s stock valued at $485,000 after purchasing an additional 5,950 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of Ennis during the fourth quarter valued at approximately $1,001,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Ennis by 6.3% during the fourth quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company’s stock valued at $7,369,000 after purchasing an additional 20,819 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Ennis Stock Up 0.5 %

NYSE EBF opened at $21.23 on Friday. Ennis, Inc. has a twelve month low of $18.88 and a twelve month high of $25.75. The firm has a market capitalization of $552.13 million, a PE ratio of 13.35 and a beta of 0.40. The stock’s 50 day moving average is $20.84 and its 200 day moving average is $21.60.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Friday, January 10th. Ennis’s payout ratio is 62.89%.

About Ennis

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.